Renowned Bitcoin maxi turns bullish on XRP, predicting a price surge to$24, but Maintains XRP Is Not a Good Investment for Long-Term Holding.
In a tweet today, Jeremie expressed optimism that XRP could peak in the $20 to $24 range during this cycle. This newfound optimism comes as XRP trades at a seven-year high in the $3 range, outperforming other prominent crypto assets.
Commenting on this impressive trajectory, Jeremie expressed his belief that XRP could rise much higher in 2025, with a $24 target being a realistic projection.
Notably, this shift in outlook comes after Jeremie repeatedly referred to XRP as a “stablecoin” and predicted its value would fall to zero in previous years. However, as XRP’s bull run continues to set historic highs, critics are reconsidering their previous skepticism.
Other prominent XRP critics who have also turned bullish on the coin include legendary trader Peter Brandt and Real Vision CEO Raoul Pal.
Brandt has even suggested that XRP could soar to over a half-trillion-dollar market cap this cycle, requiring a price above $8 per unit.
Currently, XRP is trading at $3.13. Soaring to $24, as Jeremie now forecasts, would represent an additional 7X increase or a 667% gain for current holders.
Jeremie Maintains XRP Is Not a Good Investment for Long-Term Holding
Despite his bullish price prediction, Jeremie has not fully discarded his previous skepticism about XRP. He issued a disclaimer in his latest remarks, emphasizing that he does not recommend XRP as a long-term investment.
Instead, he suggests that market participants view XRP primarily as a trading opportunity to make profits.
Jeremie’s reluctance to endorse XRP for long-term holding stems from his concerns about the coin’s connection to the banking and financial system, which he views negatively.
“XRP is a cryptocurrency about the banking system, supporting the banking system, for the banking system,” he stated.
Additionally, Jeremie compared XRP to the Federal Reserve, arguing that, like traditional financial institutions, XRP operates under rules that can change unpredictably. He believes investing in XRP long-term is like supporting a crypto asset that backs a system he views as exploitative.
XRP Army Reacts
Meanwhile, some XRP proponents have criticized Jeremie’s recent bullish stance on the cryptocurrency. Analyst JayDee pointed out that Jeremie, who previously predicted XRP would go to $0, is now forecasting a price of $24.
He likened Jeremie to Jim Cramer of the cryptocurrency world, suggesting that his predictions lack consistency and reliability.
Similarly, Edo Farina, CEO of Alpha Lions Academy, expressed disappointment, noting that thanks to Jeremie’s earlier “advice,” thousands of new crypto users missed the opportunity to buy XRP below $0.50.
Farina accused Jeremie of failing to acknowledge his past mistakes and continuing to spread fear, uncertainty, and doubt (FUD). “The truth is coming out,” he added.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
